financetom
Business
financetom
/
Business
/
Alibaba Debuts New Open-Source AI Coding Model; Shares Rise Pre-Bell
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Alibaba Debuts New Open-Source AI Coding Model; Shares Rise Pre-Bell
Jul 23, 2025 5:50 AM

08:24 AM EDT, 07/23/2025 (MT Newswires) -- Alibaba ( BABA ) said Wednesday it launched Qwen3-Coder, an open-source agentic AI coding model, which the company claims is its most advanced model to date.

The model is built to generate new codes, manage complex coding workflows, and debug across entire codebases, the company said.

Alibaba ( BABA ) said the Qwen3-Coder has achieved "competitive" results compared with leading models in the industry in various metrics, including agentic coding, browser use, and tool use.

Qwen3-Coder is now available on Hugging Face and GitHub, the company said, adding that developers can find the model on Qwen Chat as well as on Alibaba's ( BABA ) generative AI development platform Model Studio.

Shares were 2% higher in recent premarket activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What's Going On With Dutch Bros Shares Wednesday
What's Going On With Dutch Bros Shares Wednesday
Jun 5, 2024
Dutch Bros ( BROS ) shares are trading higher Wednesday afternoon. TD Cowen analysts maintained a Buy rating and $46 price target on the stock following the firm’s Future of the Consumer Conference. What To Know: Cowen highlighted the company's mobile ordering execution, predicting mid-single-digit same-store sales growth in 2025. 2024 growth is expected to be driven by advertising and...
Why Knightscope (KSCP) Stock Is Rising During Wednesday's Session
Why Knightscope (KSCP) Stock Is Rising During Wednesday's Session
Jun 5, 2024
Knightscope ( KSCP ) shares are trading higher by 16.7% during Wednesday's session. The company announced that it was granted an extension to regain compliance with the Nasdaq. Knightscope Inc ( KSCP ) shares are trading higher by 16.7% to $0.33 during Wednesday's session after the company announced that it was granted an extension to regain compliance with the Nasdaq....
McDonald's loses Chicken Big Mac trademark in Europe
McDonald's loses Chicken Big Mac trademark in Europe
Jun 5, 2024
BRUSSELS, June 5 (Reuters) - McDonald's does not have the exclusive right to the term Big Mac for poultry products in Europe after five straight years of not using it, the region's second top court said on Wednesday, handing a partial win in a long-running trademark dispute to the U.S. fast-food chain's Irish rival Supermac's. The Luxembourg-based General Court's ruling...
Vanguard says it backed Exxon board, but cites investor rights concerns
Vanguard says it backed Exxon board, but cites investor rights concerns
Jun 5, 2024
(Reuters) - Vanguard said its funds supported the election of Exxon's director nominees at its annual meeting last week, but the mutual fund giant cited lingering concerns about the energy company's lawsuit against climate activists. All 12 of the company's directors were re-elected at the company's annual meeting on May 29 including Exxon Chairman Darren Woods and Lead Director Joseph...
Copyright 2023-2026 - www.financetom.com All Rights Reserved